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the pentagon is going with congress to say that they are likely go to furlough more than 700,000 employees if these cuts were to take effect. it's basically going to be a 20% pay cut for those employees. and that's going to trickle down into the economy. now that announcement comes one day after president obama called on congress to act. >>> vice president joe biden is offering up advice on the best way to defend yourself in you with a firearm. in a facebook meeting tuesday, biden talked about the white house efforts to restrict the size of ammunition clips and other proposals. during that chashgts biden said the best thing foreprotection is a shotgun. >> put that double-barrel shotgun and fire two blasts outside the house. i promise you, whoever is coming in is not going to -- you don't need an ar-15. it's harder to aim. it's harder to use. and in fact, you don't need 30 rounds to protect yourself. buy a shotgun. >> buy a shotgun. all right. biden said he keeps two shotguns locked up at home and he's told his wife jill to use them if necessary. >>> he's been considered for a big new job b
the pentagon is going with congress to say that they are likely go to furlough more than 700,000 employees if these cuts were to take effect. it's basically going to be a 20% pay cut for those employees. and that's going to trickle down into the economy. now that announcement comes one day after president obama called on congress to act. >>> vice president joe biden is offering up advice on the best way to defend yourself in you with a firearm. in a facebook meeting tuesday, biden...
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Feb 20, 2013
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the pentagon notifies congress today of its large-scale furlough plan should those cuts kick in. >>> let's head to wall street. jackie deangelis is at the new york stock exchange. >> good morning, natalie. another day, another cyber attack. this time on apple. authorities believe that the hackers that targeted facebook last week use d the same softwae to attack the mac computers of apple employees. all this, of course, coming on the heels of chrysler, jeep and burger king saying their twitter accounts were attacked. >>> meanwhile it isn't 1999 but investors are sure partying like it is, after nasdaq hit an all-time high. >>> generating some buzz after a facebook town hall chat with parents' magazine and a discussion focusing on joe biden's gun control efforts. >> if you want to protect yourself, get a double barrel shotgun. you don't need an ar-15. buy a shotgun. buy a shotgun. >> vice president says he has two shotguns of his own at his home in delaware. those dash cam videos from russia never seem to disappoint. take a look, the driver was surprised to see that the vehicle came at
the pentagon notifies congress today of its large-scale furlough plan should those cuts kick in. >>> let's head to wall street. jackie deangelis is at the new york stock exchange. >> good morning, natalie. another day, another cyber attack. this time on apple. authorities believe that the hackers that targeted facebook last week use d the same softwae to attack the mac computers of apple employees. all this, of course, coming on the heels of chrysler, jeep and burger king saying...
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Feb 20, 2013
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then all you say is we're going to cut the pentagon. going to cut these mental health programs. going to cut education. there's no give on millionaires and billionaires. >> this comes back to a fundamental belief of mine which is this: who got us into this mess? politicians. who has to pay for it? the people who create jobs and people doing thing the right way. we blame them for everything. that's where i get frustrated in this process. the politicians created this and need to figure it out without blaming other people. let me say one other thing. on the defense cuts, let's take the sequestration defense cut, we're going from if sequestration happens, go from $5.7 trillion in spending for defense to $5.2 trillion in defense spending. so over a ten year period 5.7 to 5.2, are we kicking a can down the street? what are we doing? >> part of it is we're going to get savings from the end of two wars which is what drove this deficit problem. here's where i think we have to look seriously. we've got to figure out a way to do this without hurting people. and my sister works for the envi
then all you say is we're going to cut the pentagon. going to cut these mental health programs. going to cut education. there's no give on millionaires and billionaires. >> this comes back to a fundamental belief of mine which is this: who got us into this mess? politicians. who has to pay for it? the people who create jobs and people doing thing the right way. we blame them for everything. that's where i get frustrated in this process. the politicians created this and need to figure it...
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Feb 20, 2013
02/13
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today pentagon officials said the furloughs over among civilian defense employees will not kick in until late april, not in march. so the talk here about hubs of -- hundreds of thousands of jobs lost would happen over time but not immediately. the president yesterday talking about how people would lose child care, tens of thousands of parents searching for child care. that's not going to happen immediately. it would be over time. jay carney insists just the fear out there is hurting the economy and the point is not whether it's march 1 or march 10. >> what happens on march 1? , march 2? when you say -- the president said hundreds of thousands of jobs. there's not going fob hundreds of thousands the first week. >> no, but there will be job losses. >> quantify this, you're scaring the public that this is going to be happen. >> so the you don't see economic firms are scaring the public and the cbo. >> how do you back up that it's urgent and hundreds of thousands of -- >> i would love to rewind to the questions i get the day of the gdp figure came out for the fourth quarter. the questions we
today pentagon officials said the furloughs over among civilian defense employees will not kick in until late april, not in march. so the talk here about hubs of -- hundreds of thousands of jobs lost would happen over time but not immediately. the president yesterday talking about how people would lose child care, tens of thousands of parents searching for child care. that's not going to happen immediately. it would be over time. jay carney insists just the fear out there is hurting the economy...
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Feb 20, 2013
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. >>> the pentagon today passed a plan to furlough 8,000 workers if the cuts take effect. it's shameful. and the president is fighting that. today, he gave interviews to 8 different tv shows around the country, demand gd the gop stop these spending cuts, and, instead, close loopholes for the rich. >> instead of us cutting education, mental health programs and a whole range of other things that are really important, we should be focused on programs that we know don't work, waste in government and some of these tax holes that, frankly, only benefit the well-off and the well connected. now i only need congress to act and they've got 9 days to do it. >> the president is fighting to stop these cuts. but as we said last night, if they do happen, you'll know who to thank. if your child loses the head start program, thank the republicans. if you have to pay more for your milk because of the food inspectors, thank the republicans. and if you're one of the hundreds of thousands of people who lose their jobs, remember to thank the republicans. joining me now is joy reed and jared sps
. >>> the pentagon today passed a plan to furlough 8,000 workers if the cuts take effect. it's shameful. and the president is fighting that. today, he gave interviews to 8 different tv shows around the country, demand gd the gop stop these spending cuts, and, instead, close loopholes for the rich. >> instead of us cutting education, mental health programs and a whole range of other things that are really important, we should be focused on programs that we know don't work, waste...
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. >> michael: i'mture chuck hagel would like one of those pentagon-brewed beers. let's talk about hagel. he is calling for cuts to the defense budget. republicans have just skewed him with it. and how will he do with that? >> there is some concern in how chuck hagel will work with those on capitol hill. you have heard the chairman of the house armed services committee say he doesn't want chuck hagel to be confirmed. he think president obama needs to put up someone new. but it is likely he will be confirmed in a very hostile, tense environment where he is working in the constraints of the military. >> michael: and you can see it happening. juana summers defense reporter for "politico." thanks for being in "the war room." >> thank you. >> michael: up next, when last we left the meddling koch brothers their scheme to overtake democracy has been foiled. but they were bound to pop up again in the next season. stick around. you would rather deal with ahmadinejad than me. >>absolutely. >> and so would mitt romney. (vo) she's joy behar. >>and the best part is that current
. >> michael: i'mture chuck hagel would like one of those pentagon-brewed beers. let's talk about hagel. he is calling for cuts to the defense budget. republicans have just skewed him with it. and how will he do with that? >> there is some concern in how chuck hagel will work with those on capitol hill. you have heard the chairman of the house armed services committee say he doesn't want chuck hagel to be confirmed. he think president obama needs to put up someone new. but it is...
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Feb 20, 2013
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i think the pentagon would be the place to go for that. i can say that the president believes and agrees with the speaker of the house that the sequester should not become fact. it was never meant to become immplementmented policy because in part, the cuts to our defense are too severe and it would affect our national security. but the specifics would have to be addressed at the pentagon. thanks, everybody. ok, i'll take you question. >> there are tens of thousands of people who are middle-class workers, who work in corporate aviation. my question is, including several tens of thousands in kansas, washington, oklahoma, they are very worried about the president's comments about eliminating the tax exemption. in their world, every time it has been eliminated there have been layoffs and there has been thousands in kansas. since the president stay started mentioning this, these are middle-class workers. what would you say to them? >> i would say that makinging budgets and choices about deficit reduction always involves difficult choices. if th
i think the pentagon would be the place to go for that. i can say that the president believes and agrees with the speaker of the house that the sequester should not become fact. it was never meant to become immplementmented policy because in part, the cuts to our defense are too severe and it would affect our national security. but the specifics would have to be addressed at the pentagon. thanks, everybody. ok, i'll take you question. >> there are tens of thousands of people who are...
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Feb 20, 2013
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but how much discretion do they have at the pentagon, barbara? can they get rid of big ticket gun programs, weapons instead of furloughing these thousands of people, for example? >> they say they cannot do that, wolf. essentially, sequestration, that word again, means mandatory across the board budget cuts. everybody takes a hit. so they say they can't do that. >> the military will not furlough workers on bases around the world and there are at least 100 bases around the world. only bases in the united states can be furloughed. why is that? >> in many cases these foreign nonu.s. workers are paid by the local countries so there's no savings there. in other cases, they would have to renegotiate essentially employment agreements with that government. that opens up a can of worms. a lot of this is just set in stone, very little discretion about how to carry all of this out if it comes to that, wolf. >> $46 billion in defense department cuts, according to this forced budget plan cut. just for some perspective, the u.s. is going to spend $88 billion th
but how much discretion do they have at the pentagon, barbara? can they get rid of big ticket gun programs, weapons instead of furloughing these thousands of people, for example? >> they say they cannot do that, wolf. essentially, sequestration, that word again, means mandatory across the board budget cuts. everybody takes a hit. so they say they can't do that. >> the military will not furlough workers on bases around the world and there are at least 100 bases around the world. only...
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Feb 20, 2013
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failed leadership and in the middle of that red meat rhetoric, a warning from leon panetta that the pentagon is preparing for furloughs even as obama hammers republicans on the sequester, he's reaching out on immigration. he placed calls to marco rubio, and john mccain -- >> they are sticking their necks out on this issue. what is frustrating for them, which you saw expressed in some of the things rubio said and paul ryan has said in the last couple of days, if they are going to stick their necks outs, they want to feel they have a partner with the white house. >> joining me right now is democratic congressman eric shifz zer. let's dive in to bring everybody up to speed on where we stand with nine days out on the quester. interesting with the piece out by john boehner, carney has tweeted out, speaker boehner is rewriting history in the op-ed for getting he said i got 98% of what i wanted when he and 173 house rs voted for the sequester. are you surprised by the game of chicken being played in washington, d.c., especially when it comes to the amount of cuts that are coming on march 1st? >> i
failed leadership and in the middle of that red meat rhetoric, a warning from leon panetta that the pentagon is preparing for furloughs even as obama hammers republicans on the sequester, he's reaching out on immigration. he placed calls to marco rubio, and john mccain -- >> they are sticking their necks out on this issue. what is frustrating for them, which you saw expressed in some of the things rubio said and paul ryan has said in the last couple of days, if they are going to stick...
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the pentagon just announced a news conference at 10:00 a.m. pacific to lay out how these automatic spending cuts will affect our spending. there are about 170 federal civilian workers in california. most of them would be furloughed for up to 22 days. that's equivalent to a 20% pay cut over a six-month period. now, those furloughs would not kick in until april, even if sequestration takes effect next friday. businesses that work for the federal government would also cut back. >> that waiting and failing to spend now is what could lead to unemployment now and difficulties later. . >> reporter: we'll -- we'll take a look at what the long- term effects could be on -- on california -- next. >> thank you. >>> a group that supports same- sex marriage is launching a $is million -- is launching a $1 million campaign featuring clips of president obama, former first lady laura bush, colin powell and former vice president, dick cheney, all expressing support for same-sex marriage. the group says the goal of the tv ad is to show there is bipartisan support
the pentagon just announced a news conference at 10:00 a.m. pacific to lay out how these automatic spending cuts will affect our spending. there are about 170 federal civilian workers in california. most of them would be furloughed for up to 22 days. that's equivalent to a 20% pay cut over a six-month period. now, those furloughs would not kick in until april, even if sequestration takes effect next friday. businesses that work for the federal government would also cut back. >> that...
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Feb 20, 2013
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do you accept the criticisms of the pentagon should have been warning about these furloughs souter so that they give the time or the urgency to the congress to do something about it? >> well, first, we started some slowdown in spending in general were a tenth and the number of the measures i mentioned went into effect shortly after that hiring freeze was cut back on the facilities maintenance. and we took a significant effort to try to slow down our spending to avoid more draconian actions later. i know that people feel we should have said more earlier. i will say 16 months ago the secretary send a letter to the united states congress saying defective sequestration would be devastating. the was october of 2011. after that we did a series of assessments and we testified in august and i personally testified in september. we listed every major item we are talking about. we said we would have to do furloughs. we said that the adviser would go down and unit costs would go up to it i mean, all the same things. what we didn't do is the tel budget planning. and i don't regret that because if
do you accept the criticisms of the pentagon should have been warning about these furloughs souter so that they give the time or the urgency to the congress to do something about it? >> well, first, we started some slowdown in spending in general were a tenth and the number of the measures i mentioned went into effect shortly after that hiring freeze was cut back on the facilities maintenance. and we took a significant effort to try to slow down our spending to avoid more draconian...
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Feb 20, 2013
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they're betting they'll blame the president for lost funding in federal programs and the pentagon over ten years, should the sequestration take place. house speaker john boehner said, quote, today the president advanced an argument republicans have been making for a year. his sequester is the wrong way to cut spending. senate majority leader mitch mcconnell insisted "more than three months after the november election, president obama still prefers campaign events to common sense, bipartisan action." and joining us now for more on this from washington, the former chief economist of the international monetary fund and bloomberg view columnist, simon johnson. he's the co-author of "white house burning: our national debt and why it matters to you," now out in paperback. simon, good to see you this morning. >> nice to be with you. >> simon, if you could help us through this over the next week or so, it doesn't look like there's a path to avoiding the sequestration if you listen to the two sides. so how damaging would this be? because we've heard a couple different versions of it that would
they're betting they'll blame the president for lost funding in federal programs and the pentagon over ten years, should the sequestration take place. house speaker john boehner said, quote, today the president advanced an argument republicans have been making for a year. his sequester is the wrong way to cut spending. senate majority leader mitch mcconnell insisted "more than three months after the november election, president obama still prefers campaign events to common sense,...